Business Segments · Significant Segment Expenses
Total Segments — Significant Segment Expenses
ConocoPhillips Total Segments — Significant Segment Expenses decreased by 6.1% to $6.45B in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 6.1%, from $6.87B to $6.45B. This is a positive signal — lower values indicate better performance for this metric.
Analysis
StatementSegment
CategoryEfficiency
SignalLower is better
VolatilityModerate
First reportedQ1 2023
Last reportedQ1 2026
How to read this metric
Lower expenses relative to production volume indicate better operational cost control and higher margins.
Detailed definition
This category aggregates major operational costs directly attributable to the exploration and production segments, exclu...
Peer comparison
Comparable to 'Lease Operating Expenses' (LOE) or 'Production Costs' in the upstream sector.
Metric ID:
cop_segment_total_segments_significant_segment_expensesHistorical Data
10 periods
| Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Value | $5.35B | $5.35B | $5.35B | $5.35B | $5.87B | $5.87B | $5.87B | $5.87B | $6.87B | $6.45B |
| QoQ Change | — | +0.0% | +0.0% | +0.0% | +9.6% | +0.0% | +0.0% | +0.0% | +17.1% | -6.1% |
| YoY Change | — | — | — | — | +9.6% | +9.6% | +9.6% | +9.6% | +17.1% | -6.1% |
Range$5.35B – $6.87B
CAGR+8.6%
Avg YoY Growth+8.2%
Median YoY Growth+9.6%
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Frequently Asked Questions
- What is ConocoPhillips's total segments — significant segment expenses?
- ConocoPhillips (COP) reported total segments — significant segment expenses of $6.45B in Q1 2026.
- How has ConocoPhillips's total segments — significant segment expenses changed year-over-year?
- ConocoPhillips's total segments — significant segment expenses decreased by 6.1% year-over-year, from $6.87B to $6.45B.
- What does total segments — significant segment expenses mean?
- The primary operational costs required to maintain and run production activities.